{"id":47756,"date":"2021-08-16T15:07:24","date_gmt":"2021-08-16T12:07:24","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=47756"},"modified":"2025-09-01T22:56:37","modified_gmt":"2025-09-01T19:56:37","slug":"dogecoin-price-rises-nearly-17-amid-statements-by-mark-cuban-and-elon-musk","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/dogecoin-price-rises-nearly-17-amid-statements-by-mark-cuban-and-elon-musk\/","title":{"rendered":"Dogecoin price rises nearly 17% amid statements by Mark Cuban and Elon Musk"},"content":{"rendered":"<p>In the last 24 hours, the meme cryptocurrency Dogecoin (DOGE) rose 16.8%, and over the past week by more than 45%. The price rally accelerated amid new statements from Mark Cuban and Elon Musk.<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"944\\\" height=\\\"132\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/Untitled-1-20.png\\\" alt=\\\"Dogecoin price rises nearly 17% amid statements by Mark Cuban and Elon Musk\\\" class=\\\"wp-image-145899\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/Untitled-1-20.png 944w, https:\/\/u1f987.com\/wp-content\/uploads\/Untitled-1-20-300x42.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Untitled-1-20-768x107.png 768w\\\" sizes=\\\"auto, (max-width: 944px) 100vw, 944px\\\" \/><figcaption>Data: <a href=\\\"https:\/\/www.coingecko.com\/en\\\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>On Friday, August 13, the owner of the Dallas Mavericks announced special discounts during the summer sale of the club&#8217;s merchandise for those who will pay with Dogecoin.<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-lang=\\\"en\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Coming soon to <a href=\\\"https:\/\/t.co\/VUydpLFzGh\\\">https:\/\/t.co\/VUydpLFzGh<\/a> a summer merch sale with special pricing for those who pay with <a href=\\\"https:\/\/twitter.com\/dogecoin?ref_src=twsrc%5Etfw\\\">@dogecoin<\/a> !!! \ud83d\ude80\ud83d\ude80\ud83d\ude80<\/p>\n<p>\u2014 Mark Cuban (@mcuban) <a href=\\\"https:\/\/twitter.com\/mcuban\/status\/1426029215292530692?ref_src=twsrc%5Etfw\\\">August 13, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>That same day Cuban, in an interview with CNBC, described Dogecoin as \\&#8221;the strongest cryptocurrency as a means of exchange\\&#8221;.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\u201cI\\u2019ve been saying this for a while,\\u201d Elon Musk agreed.<\/p>\n<\/blockquote>\n<blockquote class=\\\"twitter-tweet\\\" data-lang=\\\"en\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">I\\u2019ve been saying this for a while<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\\\"https:\/\/twitter.com\/elonmusk\/status\/1426559976990982153?ref_src=twsrc%5Etfw\\\">August 14, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>On August 15, Mark Cuban voiced his view on the advantages of the meme cryptocurrency.<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-lang=\\\"en\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">The point about DOGE that people miss is that DOGE&#8217;s imperfections and simplicity are it&#8217;s greatest strengths. You can only use it to do 2 things: Spend It or HODL It. Both are easy to understand. And it&#8217;s cheap to buy. Which makes it a community anyone can join and enjoy.<\/p>\n<p>\u2014 Mark Cuban (@mcuban) <a href=\\\"https:\/\/twitter.com\/mcuban\/status\/1426905539364200453?ref_src=twsrc%5Etfw\\\">August 15, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\u201cPeople miss in DOGE that imperfection and simplicity are its greatest strengths. You can use the coin for two things: spend or hold. Both are easy to understand. And it&#8217;s cheap to buy. All of this makes it a community anyone can join,\\u201d he wrote.<\/p>\n<\/blockquote>\n<p>Another positive news for Dogecoin came from sports outlet <a href=\\\"https:\/\/theathletic.com\/2759960\/2021\/08\/14\/exclusive-dogecoin-watford-sleeve-sponsor-premier-league\/\\\">The Athletic<\/a> that in the new season the coin\u2019s logo will appear on the shirt of English Premier League club Watford. This will be the result of a sponsorship deal between the club and the crypto online casino Stake.com.<\/p>\n<p>The deal is valued at no less than \u00a3700,000 (about $970,060) and will be paid in cryptocurrency. To promote the partnership, Stake.com plans to give away 10 million DOGE.<\/p>\n<p>In February 2021, Mark Cuban stated that <a href=\"https:\/\/u1f987.com\/en\/news\/mark-cuban-buys-dogecoin-for-his-11-year-old-son-for-educational-purposes\">bought Dogecoin for $5<\/a> for his 11-year-old son Jake for educational purposes.<\/p>\n<p>In March, the Dallas Mavericks became the first NBA team to <a href=\"https:\/\/u1f987.com\/en\/news\/dallas-mavericks-mark-cubans-nba-club-first-to-begin-accepting-dogecoin\">begin accepting DOGE<\/a> as payment.<\/p>\n<p>Later Cuban <a href=\"https:\/\/u1f987.com\/en\/news\/mark-cuban-reveals-his-cryptocurrency-portfolio\">said<\/a> that he had allocated 60% of his cryptocurrency portfolio to Bitcoin, 30% to Ethereum. The rest of his investments were allocated to other digital assets. He did not disclose the size of the investment.<\/p>\n<p>Follow ForkLog news on <a href=\\\"https:\/\/www.facebook.com\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Facebook<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the last 24 hours, the meme cryptocurrency Dogecoin (DOGE) rose 16.8%, and over the past week by more than 45%. The price rally accelerated amid new statements from Mark Cuban and Elon Musk.<\/p>\n","protected":false},"author":1,"featured_media":47757,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[99,1217,1551],"class_list":["post-47756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-dogecoin","tag-elon-musk","tag-mark-cuban"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/47756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=47756"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/47756\/revisions"}],"predecessor-version":[{"id":47758,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/47756\/revisions\/47758"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/47757"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=47756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=47756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=47756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}